Nothing wrong with that. May be a little choppiness ahead of the Fed announcement Wednesday.
If so, I've got a little cash on the side too. Either way, it's an opportunity. GL
Some of Cramer's thoughts on today's action:
"With all of the events on Thursday, Cramer recommended for investors to sit tight. He can't blame anyone for taking action but reminded investors that the selling will always eventually stop."
Many don't agree with him, but I share his last thought, namely, "the selling will always eventually stop".
Another store opened opening in Chatworth today. Quarterlies announced tomorrow after the close.
And, analysts estimates are all looking good:
A few analysts have weighed in on El Pollo Loco:
•SunTrust initiated coverage with a Buy rating and a $17 price target.
•Stifel upgraded it to Buy from Hold with a $17 price target.
•Jefferies reiterated a Buy rating but lowered its target to $19 from $27.
I have bought and am buying here. Money well invested.
I bought, shall we say, less than 10k today, but we have the same mindset. GL
I expect a good earnings reports and guidance on the 12th.
But, if investors want to wait until the 12th, I understand. Sometimes caution is the best course to take.
3 new locations and an expanded menu announced since last week = continued expansion
Analyst valued LOCO at $17. LOCO is at a good price here, imo.